Moglix is a Singapore-based B2B E-commerce company for industrial goods. Through its e-commerce platform, it supplies manufacturing goods in various categories.
Over the years, it has extended into different spaces in the supply chain industry. They are enterprise procurement solutions and contract management solutions.
Moglix has 700,000 stock-keeping units and 40 warehouses, and it is India’s largest e-commerce platform for manufacturing goods.
It supplies industrial goods to more than 500,000 small and medium-sized enterprises, and it also has an in-house logistics infrastructure.
And it also helps over 1000 large enterprises in supply chain management across India and the UAE. Moglix also recently launched its digital supply chain financial platform called Credlix.
About the founder
Moglix is an e-commerce company for B2B platforms and was founded by Rahul Garg in 2015.
Rahul Garg gained an MBA degree in Marketing from the Indian School of Business, Hyderabad. He did his bachelor’s degree in electrical engineering from IIT, Kanpur.
In the technological industry space, he specialized in product management, strategy, and operations.
Rahul Garg also holds 16 U.S. patents in the fields of product management and technology.
How They All Start
As Garg was brought up in Faridabad, which is one of the major manufacturing sectors in the country, he has knowledge of opportunities and challenges in the manufacturing industry.
And also, when he worked as a head of advertising and strategy at Google Asia, he had a chance to explore how businesses are enabling new opportunities.
Hence, he decided to solve the problems of enterprises by including technology in the supply chain management space. That’s how moglix was born.
Business Model
Moglix’s business model was around the B2B supply chain.
It created a new technology-driven ecosystem that brings in both suppliers and customers of manufacturing goods.
Thus, it solves the problems faced by enterprises in supply chain management. Moglix infuses digital processes in supply chain management, it ensures on-time delivery.
The company provides a seamless experience to customers by continuously expanding its warehouses and various industrial products.
Fundings and Investment
Moglix raised $120 million in E- a series funding round and joined India’s unicorn list in May 2021.
On Jan 28, 2022, Moglix raised $250 million in funds at its F series stage. This investment was backed by Tiger Global, Alpha Wave Global, and also by Hong Kong’s new investor, Ward Ferry.
Other than Tiger Global and Alpha Wave Global, the major investors in moglix we’re Accel Partners, International Finance Corporation, Sequoia, and Havard Management Company, industry stalwarts. The chairman of Tata Sons, Ratan Tata, also invested in the moglix in 2016.
The moglix investors of the early stage had gained an 80x return on investment.
As of the 2022 financial year, the revenue of Moglix in the sale of products is 767.1 cr INR and in the sale of services, it is 8.84 cr INR.
Future plans
The plans of the moglix are as follows :
1. To create technology-driven space in the supply chain network across diverse geographies
2. Moglix planned to extend its operations and strong footprints in the UK, Europe, and SE Asia.
3. To work with developing and matured economic countries to promote the local manufacturer sector across the globe.
4. To create a global delivery model, it closely working with OEMs.
Conclusion :
“I started with the goal to bring the same level of convenience, technology, and supply chain efficiency that we see in our consumer world to the B2B world” –
Rahul Garg, founder of moglix.
Thus, the company is moving towards infusing technology-driven space in the supply chain network across diverse geographies that benefits both enterprises and manufacturers.
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